European Factors to Watch-Shares seen edging up, BNP in focus

martes 1 de julio de 2014 01:42 GYT
 

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LONDON, July 1 (Reuters) - European stocks were seen opening marginally higher on Tuesday, with shares in BNP Paribas in focus after the French bank agreed to pay a fine of around $9 billion in a U.S. sanctions case.

Financial spreadbetters expected Britain's FTSE 100 to open up by 10-13 points, or 0.1-0.2 percent. They also saw Germany's DAX opening up by 7-8 points, or 0.1 percent, while France's CAC 40 was seen flat at the open.

Late on Monday, BNP Paribas pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve allegations it violated U.S. sanctions laws and enabled the activities of terrorists and human rights abusers in Sudan and elsewhere.

In an unprecedented move, regulators also banned BNP for a year from conducting certain U.S. dollar transactions, a critical part of the bank's international business.

The pan-European FTSEurofirst 300 index edged down by 0.1 percent to 1,370.60 points on Monday, although the index still recorded a fourth straight quarter of gains and many analysts said the market's longer-term outlook remained positive.

Europe bourses in 2014: (link.reuters.com/pad95v)

Asset performance in 2014: (link.reuters.com/rav46v) ------------------------------------------------------------------------------ > GLOBAL MARKETS-ASIAN SHARES STAY NEAR HIGHS, DOLLAR SOFT > US STOCKS-S&P 500, NASDAQ SCORE 6TH STRAIGHT QUARTER OF GAIN > NIKKEI GAINS AFTER SHRUGGING OFF BOJ TANKAN; CHINA PMI LIFTS MOOD > TREASURIES-U.S. BOND PRICES RISE, SET FOR GAINS IN FIRST HALF OF YEAR > FOREX-DOLLAR STARTS NEW QUARTER ON THE BACKFOOT > PRECIOUS-GOLD HITS 3-MONTH HIGH ON SOFTER DOLLAR, IRAQ VIOLENCE > METALS-LME COPPER HITS NEAR 4-MONTH PEAK ON TIGHT SUPPLY > BRENT HOLDS ABOVE $112 AS CHINA DATA DRAWS FOCUS BACK TO DEMAND   Continuación...